343292
343292
omssb
2018-03-12T10:30:00.000Z
no

Seminar

Forskningsseminar: Higher Price, Lower Costs? Minimum Prices in the EU Emissions Trading Scheme

Foredragsholder
Dr. Hidemichi Yonezawa (ETH Zurich)
Dato
15. mars 2018
Når
11:45 - 12:45
Hvor
Auditoriet, SSB, Akersveien 26

Innhold

 

Dr. Hidemichi Yonezawa (ETH Zurich): http://www.enec.ethz.ch/people/person-detail.html?persid=213418

“Higher Price, Lower Costs? Minimum Prices in the EU Emissions Trading Scheme”

 

This paper examines the introduction of a price floor in an emissions trading system (ETS) when some emissions are regulated outside of the ETS. We theoretically characterize the conditions under which a price floor enhances welfare. Using a numerical simulation model of the European Union, we find that moderate minimum prices in the EU ETS can reduce the costs of EU climate policy by up to thirty percent. We also find that due to tax interaction effects the optimal minimum price in the EU ETS should be about four times higher than the average marginal abatement cost in non-ETS sectors.

 

Praktisk informasjon

  

Servering av kaffe, te og boller fra kl. 11:30

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